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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Asian crude imports were robust in March at 117mn tonnes or 27.60mn bpd, but dipped 6% from Februarys pace of 29.4mn bpd according to Refinitiv.
- The first three months of 2023 were stronger than every month in 2022, except for November when Asia's crude imports were 29.10 million bpd.
- Asia's oil imports in Q1 saw arrivals of 28.67 mn bpd, up 6.3% from the 26.96 mn bpd in Q4 of 2022.
- China's March imports were assessed at 49.26 mn tonnes or 11.65 mn bpd, which is almost 1 mn bpd above February's 10.66 mn bpd.
- Saudi Arabia reclaimed its place as China's top supplier in March at 8.08 mn tonnes, or a share of 16.4%, edging out Russia at 7.95 mn tonnes, or a share of 16.1%.
- India's crude imports rose to an 11-month high of 21.23 mn tonnes in March, or about 5.02 million bpd, in March, with Russia supplying 34% of the total, or 7.29 million tonnes.
source: Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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